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How much is car insurance in Florida?
Florida drivers pay an average of $ 2,364 per year for full coverage, which is 41 % more than the national annual average of $ 1,674. however, your cost will depend on a number of denounce factors, including where you live within the state and what coverage types and levels you choose. Bankrate found that larger cities and coastal areas tended to pay higher average premiums ascribable to the increased hazard of accidents and higher monetary value of life. additionally, choosing higher levels of coverage or adding optional endorsements will likely increase your premium .
Florida car insurance rates
| Average annual minimum coverage premium | Average annual full coverage premium |
|---|---|
| $1,101 | $2,364 |
Florida car insurance rates by city
Your ZIP code influences the agio you will pay for car insurance because of more accident frequency and higher crime rates in larger cities, according to the Insurance Information Institute ( Triple-I ). even though car policy is by and large expensive in Florida, the following table demonstrates that your rates may be higher or lower than modal depending on where you live in the Sunshine State. Average Florida car indemnity rates change by city based on population density, traffic book, accident frequency and vulnerability to larceny and vandalism, among other factors, according to the Triple-I. Your premiums may be higher or lower than the city ’ mho median premiums listed above depending on your specific location within a city, deoxyadenosine monophosphate well as other individual denounce factors. Moving to another ZIP code is not the most hardheaded manner to change your car indemnity premium, but if you are already considering a move, you may want to take your desire area ’ s average premiums into account when you analyze your budget .
Florida car insurance rates by company
The best cable car policy companies in Florida each have their own unique cover standards, coverage offerings, discounts and policy features. To give you an theme of what you might expect to pay for car insurance in Florida, below are the average annual premiums for full coverage for some of the largest indemnity companies by commercialize share in the submit .
| Car insurance company | Average annual full coverage premium |
|---|---|
| Allstate | $2,441 |
| Geico | $2,085 |
| Progressive | $2,573 |
| State Farm | $1,739 |
Although finding the cheapest car insurance in Florida might be a precedence for many drivers, bear in mind that having adequate coverage is more than just about the price. You may besides want to compare coverage offerings, discounts, customer service scores and fiscal strength ratings when choosing an insurance company .
Cost of living in Florida and car insurance
When shopping for the best car indemnity rates in Florida, it ’ s important to factor in your other expenses so that you ’ ra looking at your total know costs. The graph below shows the modal annual cost of living in Florida, including the average rates for car insurance. Use this datum as a steer to help determine your overall expenses so that you can decide what policy rates fit in your budget .
Florida car insurance rates by age
Age is another factor that insurance companies use to determine your agio in Florida. Younger drivers, peculiarly those under 25, are typically charged significantly higher premiums because they are inexperienced and more likely to get into accidents based on actuarial data. *16-year-old calculated on parent ’ sulfur policy disclosure ; 18- and 20-year-old are renters As demonstrated by the table above, adolescent drivers pay some of the highest premiums in the Sunshine State. As drivers gain more experience, their average premiums gradually decrease. Premiums typically climb again at senesce 70, as older drivers may be at a higher-than-average hazard of accidents .
Florida car insurance rates by gender
Gender is another factor that affects your cable car policy premiums in Florida. At most ages, men typically pay more than women due to their higher frequency of accidents and hazardous drive behaviors. however, for Florida drivers at historic period 40 ( which is the historic period used in Bankrate ’ s base driver profile ), women pay precisely slenderly more than men for full coverage .
| Average annual full coverage premium | |
|---|---|
| Male | $2,336 |
| Female | $2,392 |
Florida car insurance by credit score
Your credit grade is a fink factor to determine car indemnity prices. Although it may seem strange, credit fink affects car policy rates because lower credit-based insurance scores are generally tied in with a higher likelihood of filing claims. In Florida, drivers with poor people credit pay an average of 169 % more for wide coverage than drivers with excellent credit.
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| Poor | Average | Good | Excellent | |
|---|---|---|---|---|
| National average | $3,873 | $1,865 | $1,674 | $1,487 |
| Florida | $5,817 | $3,032 | $2,364 | $2,161 |
Florida car insurance rates by driving record
One of the biggest factors that impacts your car indemnity premiums is your driving history. If you have an at-fault accident, tag or DUI conviction on your motor fomite record ( MVR ), your indemnity premiums will likely be raised accordingly. This is because car insurance rates are based on gamble. A prior track record of hazardous drive means that you may be more likely to get into accidents ( and therefore file claims ) in the future. If you have several accidents, tickets or a DUI conviction, you may even need car policy for bad drivers in Florida. The following mesa indicates how much you can expect to pay in Florida if you have incidents on your MVR .
| Driving incident | Average annual full coverage premium in Florida | % increase in average annual premium |
|---|---|---|
| Clean driving record | $2,364 | — |
| Speeding ticket | $3,352 | 42% |
| Accident | $3,663 | 55% |
| DUI | $4,548 | 92% |
Tickets, accidents and DUIs by and large will negatively impact your car policy premiums for three to five years, depending on your policy caller. If you are diffident how long a surcharge might stay on your policy, you can call your insurance agent or supplier to find out .
Florida car insurance rates by vehicle type
One of the biggest factors in determining your car insurance rates is the create and model of vehicle that you drive. Different types of vehicles have distinct safety features, unlike crash ratings and divergent parts and labor costs. The type of vehicle you drive can besides impact how much coverage and what types of coverage you choose .
Frequently asked questions
What is the best car insurance company in Florida?
Every driver brings a alone set of circumstances to their car insurance research, so the best car indemnity party will be unlike for everyone. It may be worthwhile to determine what factors matter most to you, like having a low premium or a mobile app. Once you know what you want from an indemnity party, you can obtain multiple quotes to help you find the coverage you need at a competitive monetary value .
What is the average cost of minimum coverage in Florida?
Having an car policy with the state-required minimal coverage limits in Florida costs an average of $ 1,101 per year, closely double the national average of $ 565 per class. Minimum coverage may be the cheapest car insurance option in Florida. however, most indemnity professionals recommend that you purchase higher levels of coverage for more fiscal auspices .
How much insurance is required in Florida?
Like most states, Florida requires that drivers carry a minimum level of sealed car indemnity coverage types to drive legally. All Florida motorists are required to carry at least :
- $10,000 in property damage coverage
- $10,000 in personal injury protection (PIP) coverage
Florida does not technically require you to carry insurance for bodily injury coverage. Showing proof of a bond, for example, could satisfy the express ’ second “ fiscal responsibility law. ” however, you may only qualify if your net income worth is equal to or greater than $ 40,000. distillery, most drivers will probably satisfy the requirements by obtaining indemnity coverage. If you purchase bodily injury coverage, you must have the follow minimum limits :
- $10,000 in bodily injury coverage per person
- $20,000 in bodily injury coverage per accident
Uninsured motorist/underinsured motorist coverage must be offered to Florida drivers but can be declined in write. however, with the state ’ randomness estimated 20.4 % uninsured motorist rate, one of the highest in the U.S. according to the Triple-I, you may want to consider including this coverage on your policy. You may want to consider higher liability limits or broad coverage to better protect yourself in the event of an accident. Full coverage, which includes collision coverage and comprehensive coverage, is not required by law but will probably be required if you have a loanword or lease .
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit rating and the following entire coverage limits :
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimal coverage limits, Bankrate used minimal coverage that meets each submit ’ south requirements. Our base visibility drivers own a 2019 Toyota Camry, change five days a week and drive 12,000 miles per annum. These are sample rates and should only be used for comparative purposes. Age : Rates were calculated by evaluating our root profile with the ages 18-60 ( base : 40 years ) applied. Depending on age, drivers may be a renter or homeowner. For teens, rates were determined by adding a 16- or 17-year-old adolescent to a 40-year-old marital couple ’ south policy. The rates displayed reflect the total cost to the parents ’ policy. California, Hawaii and Massachusetts prohibit insurers from using long time as a military rank factor.
Gender : Seven states prohibit insurers from using sex as a determining factor in calculating premiums : California, Hawaii, Massachusetts, Michigan, Montana, North Carolina, Pennsylvania. Credit : Rates were calculated based on the follow indemnity credit tiers assigned to our drivers : “ poor people, average, thoroughly ( base ), and excellent. ” Insurance credit tiers factor in your official recognition scores but are not dependent on that variable star alone. Four states do not allow insurers to use credit as a factor in determining car policy rates : California, Hawaii, Massachusetts, Michigan. Incident: Rates were calculated by evaluating our base profile with the following incidents applied : clean commemorate ( basis ), at-fault accident, single travel rapidly ticket, individual DUI conviction and lapse in coverage .
